Tuesday, September 22, 2020

The case with Loki

 

Loki has always been my favorite and great potential as a Forex robot. Why ? It only trades the EU pair on the 1 min time frame. But that impression was marred when during one of the test it made unexpected margin call. On investigation perhaps the problem was 1. Low funding 2. Bigger lots trading.

Odd thing was another Loki demo account did not faced such  issue and continue to strive. So not wanting to just give up hope, Loki was again tested with the same account with 20k funding. Everything went smooth sailing to the point where a decision was made to upgrade Loki to real account replacing Apex Scalper which was not fairing well at all. And in a matter of 5 days Loki turned the account from a -3% losing to +21.3% profit from start !

But then this morning the unexpected had happened,the  demo test loki on 20k account met its demise vanishing its 22k funding (2k profit) to a puny 522cts a loss profit of -99.7% !Another margin call ! Luckily it was a demo account (thats what it is for anyway). Whereelse the other surviving Loki demo account has no effect holding to its 47% profit in 26 days.

Taking this alert, I suspended all trading in the Real Loki until a thorough post mortem is carried out. I hope this can be resolved and Loki can be made great again.

The possible explanation which is GOOD in all counts, the defunct Loki was on FBS broker (same one with the previous MC). Where else the successful or surviving ones Real or demo were on LiteForex ! I do hope the investigation will reveal this and the red flag on Loki removed. If this is done,Loki will be the star Avenger.